Before 1973, Health Insurance Was Non-Profit—Now It’s a $25 Billion Profit Machine
Imagine a healthcare system where the primary goal was *care*, not *profit*. Surprisingly, that was the reality before 1973, when health insurance companies operated as non-profit organizations. Back then, their purpose was to help Americans protect themselves from medical expenses, not to maximize shareholder dividends. But a pivotal legal shift changed the landscape dramatically, paving the way for today’s multi-billion-dollar industry built on patients’ suffering. According to social media recounting and historical accounts, until 1973, health insurance companies were largely non-profit entities. Their goal was to pool risk and provide financial security for policyholders, much like other community-focused organizations. They












